Word: prunings
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What troubles Abboud now is that U.S. capitalism is not getting enough new capital. "There is a tremendous disinvestment in the economy," he says. The number of shareholders has shrunk so drastically that Wall Street's plum has become a prune. Americans are spending instead of investing, figuring as do Latin Americans that it is better to buy now because the price of everything is going to be higher tomorrow. "In consequence," adds Abboud, "big firms like A T & T can get capital, but small companies have a hard time. So the basic job-producing engine is drying...
Some harsher critics in the Knesset would like to close down the company and start a new one, a move that would allow it to reorganize, terminate its labor contracts and prune the work force. Though such extreme action is unlikely, it remains "a possibility," says Managing Director Mordechai Hod, who was commander of the Israeli air force during...
...economic advisers considered too costly?the President gave in to the regulators. The Administration has won a few mostly symbolic pledges from some steel, aluminum-and automakers to limit price rises and executive salary increases. More dangerously, labor has refused to promise wage restraint. Meany calls Bosworth, a prune pleader for a wage hold-down, "that skinny redheaded...
...personified by Alan Strang (Peter Firth), a pretty, blond youth whose sexual desire for horses drives him to blind them; sanity takes the form of Dysart (Richard Burton), a repressed psychiatrist charged with curing Alan of his antisocial passion. In this confrontation between a virile equussexual and an impotent prune, can there be any doubt as to who will emerge the moral victor...
Lance's record as a borrower The comptroller's report notes that Lance never received preferential interest rates for the loans he received from correspondent banks. He paid as much as 1% above the prune lending rate, a fairly standard figure for major clients. The report does indicate, however, that the banks did not always find Lance an ideal customer. Manufacturers Hanover, for example, sent him eight letters seeking verification of the collateral supporting his loan (mostly shares in the Atlanta bank). At one point, the New York bank demanded that he increase the collateral. Another time...